Apps That You Can Make Money On
It has also been noticed that most of the individuals switch to gaming and stick to the endless levels within the games which ultimately wastes their time and gives nothing in return. What if they could get the opportunity to earn a fair and respectable amount by just putting a little effort in their free time? Well! Now, it’s possible with many quick money making apps that can help you make extra money.
You must be wondering, do such apps exist? To make your doubts clear, we are featuring a few top money making apps that are profitable and help put money in your bank.
In addition, you can make money on the affiliate program. Apps that steal mobile internet named. Acorns is a neat money earning app to get you to start micro-investing. It rounds up your purchases to the nearest dollar and invests the difference on your behalf. For example, if you buy a coffee for $1.75, Acorns will round it up to $2.00 and automatically invest $.25 in “smart portfolios”.
Best Money Making Apps to Be Used in 2021
Rakuten
Rakuten, earlier known as Ebates, is one of the best reward apps that doesn't work on the points system and instead pays cash directly to its users. With huge rebates of up to 40% in cash back (that's right, nearly half of your purchase cost) it's easy to see why the company maintains such a high customer rating. The app works on the best app monetization techniques to get immense market recognition. The app boasts an enormous retailer network, with over 2,500 stores to choose from, including some big names like Macy's, Kohl's, and Walmart. Using the app or website, you'll find specific links that will automatically redirect you to special offers. Once you make a qualifying purchase, you'll receive your cashback.
Rakuten has become one of the most popular and the best paying apps to earn money and that’s because of its big payouts and an extensive list of retailers. If you join today, you'll get a $10 bonus, and this mobile app even offers referral bonuses if you sign up with friends or family.
Rakuten is one of the oldest money making apps, first starting as a simple website, but when it turned into a mobile app, it’s gaining users’ trust as a reliable cashback platform.
Additional Factors of Rakuten, one of the best money making apps
- Provide a smart shop and save money offers
- The app is integrated with cashback stores including Walmart, eBay, Sephora, Amazon, StubHub, Lyft, and many more
- Provides timely notifications regarding the latest shopping deals, coupons, and promo codes
Ibotta
We can’t proceed without considering Ibotta, one of the broadly preferred and the best paying apps for earning money. It’s the best finance app that offers different brilliant ways to generate exciting cashback. Right from scanning receipts of your purchases, buying qualifying items from your favorite retailers' loyalty cards to making in-app purchases, the app offers so many ways to save extra money.
The app deposits your cash into your Ibotta account within 48 hours just after qualifying action and you can transfer your cash into your PayPal account or even turn it into gift cards. Once you reach $20 as a reward you can make the transfer and start converting some of your money.
Don’t consider it like other best paying apps for Android phones because this is the only platform that gives real cash just by buying the things you use every day.
Best Money Making Apps
Additional Factors of Ibotta, one of the best money making apps
- Let’s you find money-saving offers
- Helps redeem offer option
- Encourage you to shop from your favorite retailers, bars, and restaurants
Acorns
If you’re looking for the best apps to make money fast, Acorns is an absolute option you can go with. It’s a finance app that makes investing easy for seasoned investors. The app gives users a wide variety of options like clean energy, tech, and retail that they can choose to invest in.
All users need to set up your app to pull a few bucks a week or more from your main account to grow your investment value. This best money-making app allows users to start with a minimum of $1 to check whether they are going on the right track or not. Later, if they succeed, they can expand their investment limits and the rest can be left to Acorns.
Additional Factors of Acorns, one of the best apps to make money
- Provides stock-back feature
- Bank-level security
- Starts investing from $1 per month
- Best for those who are interested in automatic investing and saving
ShopKick
ShopKick is another one of the best apps to make money for Android users where they shop-and-earn through the offered rewards for buying items in-store or online. With this app, you’ll earn kicks for qualifying actions, that enable you to make online purchases, check certain retailers, visit certain online merchants, and much more.
These 'kicks' or “actions” then transfer into retailer gift cards that are sent directly to your phone in digital forms. Each qualifying action is redeemable for a specific number of kicks, and some are worth more than others.
ShopKick is on the verge of beating all the other best apps to make money. It’s credible and lets users link their favorite store cards and generate income by making purchases in-store with your loyalty account. The site has lots of connected retailer brands, from SONY, Starbucks to even famous grocery item stores.
This best money making app for Android maintains a high standard of excellence, with great customer reviews and excellent customer service staff to answer all of your questions and ensure that your shopping experience is as profitable as possible.
Additional Factors of ShopKick, one of the best money making apps
- The app maintains a high standard of excellence
- Possesses great customer reviews for its points to redeem facilities
- Out of the box customer service
- Provides the ultimate shopping experience with exciting cashback offers
Google Opinion Rewards
Google Opinion Rewards is the next big and one of the best apps to make money. The app is created by the Google survey team and works to collect directly usable data from the users. After becoming a member, the app will start from 1 survey per week which contains questions like which logo is the best. You can earn up to INR 32 per survey, simply by stating your opinion. The app works too fast and gives you a handsome reward every time you fill and submit a survey.
It’s one of the easy and best apps to make money as you only need a few minutes to fill a survey. Further, the app also offers various referral bonuses to facilitate users with plenty of opportunities to save extra money.
Additional Factors of Google Opinion Rewards, one of the best money making apps
- Highly recommended for rewards
- Fill surveys and earn money
- Instant cash transfer
iPoll
We will extend our list of the best money making apps with the iPoll app which is well-known for helping individuals make money by generating polls. The app is less tech-savvy and asks users for personal information during installation.
Users who usually indulge in creating a variety of audience polls can use this app as their ideal tool they can accomplish their survey mission. The app also alerts users with upcoming and new surveys they can plan to generate polls for.
The best thing is that it’s very easy to earn cash from this quick money-making application as you need to first complete your surveys and then visit iPoll.com to encash the earned winning points. Though, you wouldn’t be earning hard cash instead the reward cashback would be in the form of airline miles, gift cards, and others that you can conveniently use to different outlets and shopping stores.
Additional Factors of iPoll, one of the best money making apps
- Provide survey opportunities based on your profile and location
- Photo, video, and audio capability to generate effective polls with interactive reporting
- Well-organized reward catalog to help you earn your redeemed points
Slidejoy
Today, advertisements are everywhere, even on your smartphones. Slidejoy is considered one of the most broadly used top money earning apps that pay users for prime real estate activities.
This is one of the top-paying apps where you can earn money even with the locked smartphone’s screen. And just after signing up, you’ll start viewing ads on your phone’s screen. If you like the ad you can swipe left to get more info and swipe right to go back to your home screen. Further, the app provides a swipe-up option that you can use to see more ads.
For every swipe, users will get “Carets” that will be credited to their accounts the next day.
Additional Factors of Slidejoy, one of the best money making apps
- Earn 1,000 “Carats” to make $1
- The app deals through a Paypal account or rewards you with a variety of retailers’ gift cards
- You can become heroes by donating your earned points or cash backs
Foap
Foap is being valued as one of the most trusted Android and iPhone top money earning apps. The app is specifically designed to encourage photographers who can make money by selling their photos clicked by smartphone.
It’s a crowdsourcing platform for both professional and practicing photographers where the photographers get exposure from famous brands and advertising agencies who are always in search of the best images to create amazing ads.
Foap’s registry has accounted for more than 2.5 million photographers, including all. If you’re interested, just register with a valid account, upload your high-quality pictures followed by clear tags. Once the upload is successful, your photos or album will be rated by the Foap’s registered community to make it ready for sale.
Additional Factors of Foap, one of the best money making apps
- For each sale, users can earn $5 which can exceed up to $10 as per photo quality
- Foap distributes your photos to brands like Getty images to help you earn even better through your work
- Get genuine feedback for your uploaded photos
Swagbucks
Swagbucks has also secured its place on a list of free money making apps. You can start making money with this reliable app just after you sign-up as the app provides a fixed amount of $10 as a sign-up bonus.
Renowned as one of the best apps that make you money, Swagbucks permits users to pad their wallets by acquiring points through online shopping, surveys, and also by playing games. Along with this, the top money earning apps can even let users save money by watching videos or advertisements.
Additional Factors of Swagbucks, one of the best money making apps
- Users consider it a capable market research app which
- You can redeem earned points or gift cards from Paypal
- One can earn handsome money during their office breaks and even while waiting in the queue for an appointment
Sweatcoin
Sweatcoin is from the new breed of top money earning apps that focus on rewarding the user on achieving the goals they have set. In this case, Sweatcoin tracks the steps of the users and according to the goals, the user is rewarded in the form of “sweatcoins”.
These “sweatcoins” can be used at the marketplace for buying lots of amazing products related to health, fitness, and day to day lives. This app is an amazing tool to keep motivated for a healthier life and win cool rewards in the process.
Additional Factors of Sweatcoin, one of the best money making apps
- Users consider it a capable market research app which
- You can redeem earned points or gift cards from Paypal
- One can earn handsome money during their office breaks and even while waiting in the queue for an appointment
Apps That You Can Make Money Online
Money making apps have changed the way people deal with their shopping, dining, investment, and different needs. They are now free and can earn exciting cashback and rewards simply by purchasing the favorite items from their favorite stores, without much effort required.
The process of using these top money making apps is quite simple and everyone should experience this at least once. We assure you that there’s nothing wrong with trying these top money making apps that pay you real money. But make sure that you prefer these apps after going through the feedback users have posted on prominent app review websites.
This is our take on some of the top money making apps that can help you in getting a significant amount of the cashback on each of your activities. If you are an app owner who wants to get your app reviewed or a techy looking for more updates on such interesting topics straight from the mobile app industry, get in touch with MobileAppDaily and get access to the trending updates on Android and iOS mobile applications.
Written ByShe is an avid writer of technology and trending mobile apps. When she is not busy updating you about the tech world, she spends time reading books and playing guitar.
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Developing a dating app can be a profitable investment. Whilst it is impossible to calculate “love” in plain numbers, there is lots of data out there that shows the need for dating apps in today’s market.
- By 2022, online dating market revenue will grow from $1,225m in 2016 to $1,610m.
- The industry is growing somewhere around 5% every year and decay is not even close.
- More than 80% of dating apps’ users marked their experience as good.
Apps That You Can Make Money On Google
Dating app development has a huge monetization potential. In 2021, the average user was spending around 1.5 hours a day using dating apps.
Celadon has up-to-date experience developing successful dating apps both for iOS and Android, which we are going to share with you so you can learn how to develop a high quality and profitable product.
Celadon dating app case studyThere are 3 main mobile app monetization strategies for any dating app:
#1. Paid subscription or Premium plans
This is a common method in which users pay to use an app for a certain period of time or pay a fee to unlock some additional features.
Users can pay for premium features for a month, two, half a year and so on. This monetization strategy for apps works best when your app is already popular and has a lot of active users. It would however, be wise to offer different plans and different time periods, to provide users with a choice of how much they want to, and can afford to pay.
The fee can be paid regularly (e.g. once a month) or paid once (e.g. yearly subscription). Discounts can be included within this strategy in the case that the user chooses a one-time payment over a long time (e.g. £10 a month or £110 a year). Instead, you could offer a one-time fee, allowing users to enjoy all premium features.
Most dating apps are free or claim to be so. Freemium is when a paying user will have access to the set of additional features and advanced functionality. It increases the users’ loyalty and helps to spread the product. Other ways to monetize your app using this model include virtual gifts or increasing the radius of partner.
Let’s have a closer look at some of the most common examples.
One way to make users pay for additional features is to block them in a free version. The best example is of this is Tinder. They made a crucial, unique feature, which can only be enjoyed by premium users. For example, being able to swipe back to the person you have already swiped.
Two things are needed to make this monetization strategy for apps work: a brand recognition and users’ loyalty to the app – both these were ensured before TinderPlus was introduced.Another way to do this is to add “extended” features. These do the same as restricted access, but where users are paying for extra functionality. Let’s look at Bumble. Free users have 24-hour time gap to start the contact. If they don’t start it, the match is lost. If a user gets Premium, they can extend the match and see more matches in this 24-hour time period. On Tinder, users pay for unlimited swipes, Super Likes, location shift, boost and so on.
Tinder is unique because they offer additional functionality to premium users without limiting free ones too much, so anyone can have a good dating experience.
#2. Advertising: apps get money by selling space for ads to third-party businesses
Another way to make money is to use Ads. These ads pop up on the app when it is being used and money is made when a user views or clicks on these adverts.
Have a look at Grindr. Revenue comes from ads and Grindr Xtra itself. It’s paid version allows users to see more matches and to choose from.
The issue with using adverts is that this method is intrusive and if you depend on ads only, there is a huge risk that your users will leave. This is an issue because apps such as Tinder and Bumble do not use ads at all.
Ads banners in an app. Source: dribbble.com
Having adverts in your apps is a good way of making money and it does work when you have a lot of non-VIP users. If the functionality of the app is respected, native adverts are the best option for a dating app. This is utilised by Tinder – the ads do not interrupt users’ experiences and they do not annoy them. Whilst adverts do work, they are expensive – costing up to $5000.
Ads formats to use in your dating app:
- Banners. This is a simple format, allowing you to place static or dynamic ads on the banner of your app. For this format to be successful, you must have high quality graphics and CTA rate.
- Interstitial ads. This is similar to banners, but instead they use the whole screen. This format successfully avoids so-called ‘banner blindness, meaning users do not pay attention when they see banners. This is when users get used to different ads that they does not register the advert as being important. Using full-screen interstitial ads also allows for videos, however, this method can also disrupt the users’ experience. Therefore, these adverts should be placed in pauses, such as when loading a screen or between levels.
- Native ads. These should match the users’ experience and ensure not to irritate them. One of the best examples is an ad for online retailer Very, who designed the ad to fit perfectly within a selection of the user-created content on Pinterest.
- Video ads. These are popular because they reach the highest CTR and are extremely engaging. According to eMarketer, U.S. mobile video ad spending can reach $24.81 billion in two years. This is a simple method because users’ time watching the ads increases, slowly but steadily.
- Rewarded video ads. This format rewards the user when they finish the video without skipping. Unity Ads called this format the “hottest revenue generator” of our time. A study conducted by OpenX shows almost 80% of the users would watch the video to the end if they were being rewarded afterwards with a discount.
- Playable ads. These ads, as it is clear from the name, engage users to a certain sort of a gameplay. Before sending a CTA, users are provided with a limited look at the advertiser’s app. It helps to reduce uninstall rates simply because the users already know if the app is good or not.
#3. In-app purchases: coins, icons, likes, smileys, etc.
Offering users the chance to buy additional points or functions in-app is a good way to monetize and if you are developing a free app, in-app purchases are a simple and easy way to monetize, whilst also enhancing user experience. In most cases, these purchases are virtual gifts to be sent to dates or profile boosts, making a profile page more attractive.
Source: behance.com
One important point to consider before investing in in-app purchases is the way they will enhance user experience. In-app purchases help to reduce churn as users get additional benefits. It is worth spending some time to find a balance between in-app purchases with additional benefits and free app with great user experience.
By the way, If you are going to integrate in-app purchases, Celadon developers team advises to use StoreKit framework for iOS and In-app Billing API for Android.
TOP-3 simple ways to optimize in-app purchases installing:
- Pre-planning: spend some time planning your in-app purchase model beforehand. This will save you resources further along the line. If you have a roadmap at the stage of development, this allows you to think ahead and plan forthe milestones needed to successfully monetize your app.
- Branding: consider the name of your app because a catchy name will make your monetization model more engaging. This includes developing creative copy – included in a professional, engaging way will make your app more successful.
- Bundle offers: people are more eager to buy if they see a discount, letting your users buy more on a cheaper price. Some might even spend more for a better deal, boosting your ROI up high.
There are also apps, offering some branded offline goods like flowers, sweets, greeting cards and so on. They can be very profitable on special occasions, like Women’s Day and Saint Valentine’s Day when users are more likely to buy them.
Another option to make your app more engaging is to offer third party services like booking or a taxi service, so the users can plan a date without leaving the app. This is great for all – the app gets some additional income and the users save time planning.
Another option to consider is offline events to make money – by hosting dating events or sending event tickets right in the app.
To achieve success, use different monetization methods
Overall strategy should include more than one way of monetization. Thus you can ensure revenue generation without disrupting the user experience. Therefore, the more techniques and methods you use, the better for the app’s income, and the better the experience is for your users. For example, you can run ads and at the same time offer users the ability to pay to get rid of the ads while using the app. This is one of the best and most widely used examples of combining two monetization methods in one app.
“Underwater rocks” to keep in mind
- To be profitable, your app should always be gaining new customers.
- Keep a balance between male and female users. Remember that in most cases, 1/3 of all users are women.
- People often use a couple of dating apps at the same time, not being 100% loyal to a single one. So keeping your current users engaged is as important as gaining new users.
- Even if you have created a successful and stable product, you will still lose people over time. This is because people will find matches over time, meaning they will leave the app.
How to increase engagement metrics in a dating app
As mentioned above – to make money, your dating app should gain new users as well as retaining old ones. In order to do this you should ensure your app is engaging and stands out in the market. You must therefore develop a marketing strategy. We have created a simple step-by-step guide so you can not only attract customers, but improve KPI metrics as well.
The KPIs & metrics to maximize your dating app revenue
One point that is essential for the success of your marketing strategy is KPI defining. If you have correct metrics at each point of the user’s journey, you can analyze the data and define the milestones and brick walls, preventing your users from spending more in the app. In other words, you get an opportunity to work with real-time data and see the users’ intents, allowing you to optimize the app’s performance.
Three essential metrics for any dating app are: Cost per Acquisition (CPA), Lifetime Value (LTV), and Abandonment Rate. Let’s have a detailed look at all of them to make it clear why they are that important.
Cost per Acquisition (CPA)
These metrics show how much a new user is active and paying user costs. As a rule here the marketers include the ads cost, tech costs (hosting and so on), the amount you spent on development itself and on creating text content users see. These costs seem to be not that obvious, but they are important for finding out how much a user really costs. This metrics can serve as an indicator of what parts of your marketing strategy to make a priority.
Total Cost of Campaign / Number of Acquisitions = Cost per Acquisition
Abandonment Rate
This metric is the ratio of all transactions, taking place in the app versus abandoned ones. Among the most common reasons why users abandon transactions are poor performance, extended load time and bad user experience. Abandonment rate serves to help you define the gaps and fill them, to make users complete as many transactions as possible without abandoning the app. This strategy will help you to improve the performance of your app.
Lifetime Value (LTV)
This is the revenue you get from the customer during his lifetime. This metrics allows you to check the value of each segment of your target audience and make a decision on how much to spend, attracting new users. Don’t forget about churn rate and the metrics, mentioned above.
To put it simply: LTV must always be higher than the customer acquisition cost.
LTV has another purpose. Having all the data in hand means you can calculate the potential income in the near future. Lifetime value is metric and easy to increase. You should follow the users’ requests, fulfilling their demands by according to the feedback they give. Experienced Customer Support is another point which makes an app more attractive.
Celadon recommendations
- Target the part of your audience which slowly grows organically, without any additional marketing tricks. As a rule, they are female users. If you make your app friendly to this ‘difficult to attract’ category, you will end up getting more users, as well as trying to please the demanding ones.
- Focus on a certain region. The reason is simple – focusing on an entire country is too huge to manage. You could try targeting a city with a lot of students first, to see if this attracts new users.
- Do not compete with the giants, it is almost pointless. Focus on niche experience and make this experience the best, so people tired of well-known apps will eagerly try yours.
- Forget about fake profiles. It decreases the trust of the app and after seeing two fake profiles, a user will most likely abandon the app. A huge database is not the most important part. Good user experience is.
- Use all the power of social media and start the campaign before the release. This means potential users will know about the app as soon as it is launched. Offer special features or pros for early followers. Most likely they will be the core of your customers and play a part in increasing the app’s popularity.
- Paid downloads never work.
- The Freemium model is the king. An app with free basic functionality and possibility for the users to pay for additional features works perfectly for most apps. Just remember to try to keep a good balance.
- Don’t make ads too intrusive, try native ones. It is fine to add them, but once again remember you need a good balance.